Sept. 28 (Bloomberg) -- New Africa Properties Ltd.,
Botswana’s biggest property company by market value, surged 10
percent in its first trading day after listing on the southern
African nation’s bourse.

The stock was at 2.20 pula at 10 a.m. in Gaborone compared
with an offer price of 2 pula a share, Thapelo Tsheole, the
exchange’s business development manager, said in an interview.

“This is the biggest property listing the exchange has
ever registered in its history with 2.3 billion pula ($317
million) market capitalization,” Tsheole said.